dividend
confidence high
sentiment positive
materiality 0.45
Covenant Logistics increases quarterly cash dividend to $0.11/share from $0.08
COVENANT LOGISTICS GROUP, INC.
- Quarterly dividend of $0.11 per share, up 37.5% from prior $0.08 per share.
- Dividend payable March 31, 2023 to shareholders of record on March 3, 2023.
- Board cites continued asset productivity and cash allocation monitoring as rationale.
- Future dividends remain subject to quarterly board approval and various conditions.